DMEA - Downstream Middle East & Africa

Category
Oil & Gas

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Overview

In a region which has shown both extensive investment and increased instability over the past few years, MEA merits a significant degree of technically minded and industry-focused coverage.

While DMEA details mid- and downstream company activity throughout the Middle East and Africa, it also contains information of tender announcements and awards, allowing our customers to be kept aware of what their competitors are up to as well as informing them of new opportunities.

DMEA is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Aramco doubles down on gas push as dividends soar

12 March 2024

As Aramco decides what to do with another bumper set of financial results, LNG investment opportunities are on the table.

Iraq completes work on northern pipeline

11 March 2024

Iraq’s state Oil Pipelines Co. (OPC) announced this weekend that it the completion of rehabilitation works on the Baiji-Kirkuk oil products pipeline.

Aramco purchases Esmax in Chile

7 March 2024

Aramco’s purchase of Esmax from private equity firm Southern Cross group – the value of which remains undisclosed – will allow it to secure new outlets for its refined oil products, according to a statement made on March 1.

Turkish oil terminal refuses imports of Russian oil

7 March 2024

Turkey’s Dortyol oil terminal – located in the Mediterranean Sea – has stopped accepting Russian oil as pressure from US sanctions increases.

TotalEnergies and Bapco Energies to work together in petroleum products trading

7 March 2024

Shaikh Nasser bin Hamad Al Khalifa, Representative of the King of Bahrain for Humanitarian Works and Youth Affairs and chairman of Bapco Energies (Bapco), met with CEO of TotalEnergies (Total) Patrick Pouyanne and CEO of Bapco Energies Mark Thomas.

Iranian LPG exports surge despite sanctions

7 March 2024

Iran has continued to defy expectations by exporting significant amounts of liquefied petroleum gas despite US sanctions – showing that Washington is struggling to keep a lid on the Islamic Republic’s sales.

Nigeria launches airstrikes on illegal refineries

7 March 2024

Director, Public Relations and Information, Nigerian Air Force (NAF) Edward Gabkwet said in a statement on March 3 that the NAF had destroyed two illegal refineries as well as some boats in an airstrike conducted March 1.

Iran confiscates US oil by court ruling in sanctions case

7 March 2024

Iran confiscated $50mn worth of American crude from a tanker seized last year by order of a Tehran court.

Nigeria’s Dangote set to establish oil trading firm amid refinery supply issues

6 March 2024

Nigerian billionaire Aliko Dangote is working to establish a trading firm to manage crude supply for his newly operational 650,000-bpd refinery in Lagos; BP, Trafigura, Vitol and others have offered loans.

Turkish terminal freezes Russian oil business

5 March 2024

Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.

Iran, Iraq forge oil and gas partnership at GECF summit

4 March 2024

Iran and Iraq signed a deal to solidify collaboration in the oil and gas sector at the Gas Exporting Countries Forum (GECF) summit in Algeria this week.

Saudi's SABIC reports $739mn loss amid challenging petrochemical market

29 February 2024

Saudi Basic Industries Corporation (SABIC), one of the world's largest petrochemical companies, reported a net loss of SAR2.77bn ($739mn) for 2023

SABIC facing challenging operating conditions

29 February 2024

The CEO of Saudi Basic Industries Corp. (SABIC) Abdulrahman Al-Fageeh has stated that the petrochemicals industry faces difficult conditions due to disappointing demand in target markets – pushing product prices lower at the end of 2023.

Iraq pushes for energy independence

29 February 2024

Iraq’s government has reopened the country’s North Refinery in Baiji as part of a plan to move away from a dependence on fuel imports.

Nigerian trade union urges Port Harcourt oil refinery to begin production

29 February 2024

The Trade Union Congress (TUC) of Nigeria has urged the Nigerian government to push the Port Harcourt refinery to begin production by the end of Q1 2024, according to TUC President Festus Osifo – who released a statement on February 26.

Talks for ADNOC OMV merger stall

29 February 2024

Talks for a planned $30bn merger between Abu Dhabi National Oil Company’s chemical arm and Austrian oil and gas company OMV have stalled in recent weeks, according to a report made by the Financial Times.

Marketers await fuel from Dangote

29 February 2024

Nigerian oil marketers declared on February 25 that they were still waiting for supplies of refined petroleum products from the country’s $20bn Dangote refinery – four weeks after the plant began operations.

Aramco awards contracts for MGS expansion

27 February 2024

Majority state-owned Saudi Aramco has kicked off the third phase of its Master Gas System network expansion, selecting contractors to carry out $10bn worth of work to improve its infrastructure and meet rising domestic demand.

Aramco raises Jafurah resource estimate on back of new booking approach

26 February 2024

Majority state-owned Saudi Aramco this week announced the discovery of additional resources at the Kingdom’s largest unconventional gas deposit, Jafurah.

US warns of environmental crisis following Houthi tanker strike

26 February 2024

The US military has sounded the alarm over a looming “environmental disaster” following an assault by Yemen’s Houthi rebels on a cargo ship, triggering an chemical spill in the Red Sea.

Edited by

Frazer Simm

Editor

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